Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 2
Agent: SOWN - National Phone: 023 8221 9179
Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £140,000 with a 25% share!<br/><br/>A spacious two-bedroom first-floor apartment offering approximately 821 sq ft of well-arranged accommodation, situated within the modern Freedom House development in West Ealing. The property features a generous open-plan kitchen and reception room, with direct access onto a private balcony, creating a bright and sociable main living space.<br/><br/>Both bedrooms are well-proportioned doubles, with the principal bedroom benefiting from its own en-suite shower room. There is also a separate family bathroom, a welcoming entrance hall and useful built-in storage, providing a practical layout alongside the generous living accommodation.<br/><br/>Freedom House is well positioned for the shops, supermarkets, cafés and everyday amenities of West Ealing. West Ealing station is approximately 0.3 miles away, providing Elizabeth Line and National Rail services, with convenient connections towards Paddington, central London and Heathrow.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £560,000<br/><br/>25% Share Price: £140,000 (rent £910.04pcm)<br/>Minimum 5% Mortgage Deposit (25% share): £7,000<br/>Approximate Service Charges: £203.03pcm* <br/>Lease: 118 years<br/><br/>ELIGIBILITY<br/><br/>Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £90,000.<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.<br/><br/>* This home can also be purchased outright (100% of the value) which is £560,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/>
